Forian Inc. (NASDAQ:FORA) Short Interest Update

Forian Inc. (NASDAQ:FORA) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 60,250 shares, a decline of 13.0% from the February 26th total of 69,214 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 19,764 shares, the days-to-cover ratio is presently 3.0 days.

Forian Price Performance

Forian stock opened at $2.07 on Wednesday. The stock has a market cap of $64.32 million, a price-to-earnings ratio of -23.00 and a beta of 1.02. The firm has a 50-day moving average of $2.08 and a two-hundred day moving average of $2.15. Forian has a 1 year low of $1.64 and a 1 year high of $2.71.

Forian (NASDAQ:FORA) last issued its earnings results on Friday, March 27th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $7.96 million for the quarter, compared to analyst estimates of $7.70 million.

Institutional Investors Weigh In On Forian

Several hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Forian in the fourth quarter worth about $37,000. Citadel Advisors LLC boosted its holdings in shares of Forian by 178.2% in the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after buying an additional 24,578 shares in the last quarter. Portland Global Advisors LLC purchased a new position in shares of Forian in the 3rd quarter worth approximately $56,000. OpenArc Corporate Advisory LLC bought a new position in shares of Forian during the 4th quarter worth approximately $173,000. Finally, Caprock Group LLC bought a new position in shares of Forian during the 3rd quarter worth approximately $195,000. 19.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Forian in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Forian Company Profile

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.